XVA Trader in Brussel

Trader, XVA Trading

Corporate Title:           Vice President                                         

Certification Status:    Certified Person

Business/Function:     XVA Trading, part of Trading & Exposure Management  

Department:                 Financial Markets

Line Manager:              Head of XVA Trading/Structured Products                                      

Status:                          Permanent

Your role & work environment

Main role is to (i) manage the XVA books that have large exposures in rates, fx, credit and vols and execute hedges in the market to maintain XVA positions within the agreed risk appetite/limits & (ii) follow macro events, make relevant proposals and execute approved strategies for FM and WB Macro books.

The XVA Trading team is mandated to execute the following 3 functions within Trading & Exposure Management;

• Monitoring and managing all XVA market exposures on rates, fx, credit and fx & IR volatilities.
• Risk Mitigation, either on a single name basis, or on a portfolio basis, either pro-actively where ING’s risk appetite is smaller than our commercial ask or retroactively, where on existing exposure ING’s risk appetite has reduced.
• Monitor and position for market dislocations, whereby ING will extract value from market opportunities/dislocations, create compensating revenue streams and prepare for cycle changes;

Your key responsibilities

• Manage XVA positions. Carry out hedging activities linked to XVA positions.
• Maintain exposure within the limits described in the LCS and agreed risk appetite jointly with other team member(s).
• Efficiently execute hedges internally or externally with market counterparties.
• Improve hedging activity by measuring high order sensitivities, propose system improvements and drive system developments.
• Keep up to date with market developments and Macro events that can affect our business (FM or WB). Make relevant proposals and follow the BSM governance manual in order to pursue approval and implementation.
• Signoff P&L of in scope books.
• Substantiate P&L impact of underlying risk factors and be able to explain moves to management and other stakeholders.
• Role model behaviour which includes Orange Code, and adhering and enforcing the Bank’s policies and procedures.

We look for

A colleague with a talent for taking it on and making it happen, enthusiasm for helping others to be successful and a knack for always being a step ahead. In other words, you strive to bring fresh ideas to life and embrace challenges in a fast changing and complex environment. You are a naturally collaborative person who listens and invests in others to achieve common goals. You love to challenge the status quo and are eager to propose creative solutions to problems.

As an XVA Trader you will also need:

Qualification/Education

Essential:           

• Strong educational results

Desirable:          

• Maths, Civil Engineering, Physics, Engineering or equivalent degree

Experience/Knowledge

Essential:           

• At least 5 years’ experience in a rates or credit or XVA trading role
• Market expertise in CVA, DVA, FVA, Credit, FX and Rates trading
• Fluent in spoken and written English
• Strong analytical background with good quantitative skills

Desirable:          

• Internal network within and outside Financial Markets
• External network
• Multi-lingual – ideally fluent in Dutch / Flemish or French and in English

Personal Competencies

Essential:

• Effective team player with good interpersonal and communication skills
• Thinking out of the box
• Results-oriented and stress resistant
• Eye for detail and accurate in work

We offer you  

A clear purpose, a unique offer and a range of flexible compensation and other benefits:

• Personal growth & challenging work with endless opportunities to realise your ambitions
• An informal, dynamic environment with innovative colleagues supporting your endeavours
• A progressive and agile way of working, where new ideas are valued ahead of convention

Furthermore, within the [department name] department, you can count on a range of opportunities to invest in your personal and professional growth with:

• possibility to participate in courses and trainings
• challenging projects & a steep learning curve

We redefine banking. What about you?

There has never been a more interesting time to work at ING. We’re on a journey that’s centred around our customers, powered by technology and driven by smart, determined people. Our customers feel our people are empowering them to stay a step ahead in life and in business. We’re proud of that!